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Where Taxpayers and Advisers Meet

Property business tax

gaul158
Posts: 2
Joined: Thu May 23, 2019 1:06 pm

Property business tax

Postby gaul158 » Thu May 23, 2019 1:59 pm

Hi all, I've got a few properties in my LTD company. If I was to keep reinvesting the profits of the business as it grew by buying more property. Would I be exempt from paying tax?

wamstax
Posts: 1869
Joined: Wed Aug 06, 2008 3:39 pm
Location: Operate Nationally but based in Aberdeen
Contact:

Re: Property business tax

Postby wamstax » Thu May 23, 2019 3:28 pm

Afraid not
regards and hope this helps
http://www.wamstaxltd.com
Operates Nationally with competitive costs
and email and phone contact can be obtained from website

gaul158
Posts: 2
Joined: Thu May 23, 2019 1:06 pm

Re: Property business tax

Postby gaul158 » Thu May 23, 2019 3:38 pm

Okay, so what are the bets ways of limiting your taxable income if you are trying to grow the business?

AdamS93
Posts: 227
Joined: Tue Sep 26, 2017 6:28 pm

Re: Property business tax

Postby AdamS93 » Thu May 23, 2019 6:51 pm

You've got your tax blinkers on.

If you purchase another property it is an ASSET and not an expense.

Paying 19% corporation tax on your profits is not the end of their world (most countries have far higher rates of corporation tax). Spending £1,000 just to save £190 in corporation tax is the equivalent to shooting yourself in the foot.


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